Declared Dividend • Jul 06
Dividend reduced to CN¥0.031 Dividend of CN¥0.031 is 30% lower than last year. Ex-date: 9th July 2026 Payment date: 9th July 2026 Dividend yield will be 0.2%, which is lower than the industry average of 1.8%. Payout Ratios Payout ratio: 18%. Cash payout ratio: 52%. Announcement • Jun 30
Hangzhou Innover Technology Co., Ltd. to Report First Half, 2026 Results on Aug 17, 2026 Hangzhou Innover Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 17, 2026 Reported Earnings • Apr 24
First quarter 2026 earnings released: EPS: CN¥0.002 (vs CN¥0.019 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.002 (down from CN¥0.019 in 1Q 2025). Revenue: CN¥138.4m (up 20% from 1Q 2025). Net income: CN¥333.0k (down 88% from 1Q 2025). Profit margin: 0.2% (down from 2.5% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Announcement • Apr 24
Hangzhou Innover Technology Co., Ltd., Annual General Meeting, May 15, 2026 Hangzhou Innover Technology Co., Ltd., Annual General Meeting, May 15, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Announcement • Mar 31
Hangzhou Innover Technology Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Hangzhou Innover Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 Announcement • Dec 31
Hangzhou Innover Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026 Hangzhou Innover Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026 Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.051 (vs CN¥0.002 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.051 (up from CN¥0.002 loss in 3Q 2024). Revenue: CN¥193.5m (up 8.6% from 3Q 2024). Net income: CN¥7.73m (up CN¥7.98m from 3Q 2024). Profit margin: 4.0% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. New Risk • Oct 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.6% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Announcement • Sep 30
Hangzhou Innover Technology Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Hangzhou Innover Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Reported Earnings • Aug 23
Second quarter 2025 earnings released: EPS: CN¥0.069 (vs CN¥0.039 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.069 (up from CN¥0.039 in 2Q 2024). Revenue: CN¥169.5m (up 3.7% from 2Q 2024). Net income: CN¥10.3m (up 77% from 2Q 2024). Profit margin: 6.1% (up from 3.5% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Declared Dividend • Jul 07
Dividend increased to CN¥0.044 Dividend of CN¥0.044 is 175% higher than last year. Ex-date: 10th July 2025 Payment date: 10th July 2025 Dividend yield will be 0.3%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 4.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jul 02
Hangzhou Innover Technology Co., Ltd. to Report First Half, 2025 Results on Aug 22, 2025 Hangzhou Innover Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 22, 2025 Reported Earnings • Apr 25
First quarter 2025 earnings released: EPS: CN¥0.019 (vs CN¥0.029 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.019 (down from CN¥0.029 in 1Q 2024). Revenue: CN¥115.2m (up 14% from 1Q 2024). Net income: CN¥2.87m (down 33% from 1Q 2024). Profit margin: 2.5% (down from 4.2% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Announcement • Apr 25
Hangzhou Innover Technology Co., Ltd., Annual General Meeting, May 16, 2025 Hangzhou Innover Technology Co., Ltd., Annual General Meeting, May 16, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Announcement • Mar 31
Hangzhou Innover Technology Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Hangzhou Innover Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 New Risk • Mar 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 10% per year over the past 5 years. New Risk • Jan 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 10% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.0% average weekly change). New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company. Announcement • Dec 31
Hangzhou Innover Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 Hangzhou Innover Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: CN¥0.002 loss per share (vs CN¥0.049 profit in 3Q 2023) Third quarter 2024 results: CN¥0.002 loss per share (down from CN¥0.049 profit in 3Q 2023). Revenue: CN¥178.2m (down 3.3% from 3Q 2023). Net loss: CN¥255.5k (down 103% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Sep 30
Hangzhou Innover Technology Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Hangzhou Innover Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.039 (vs CN¥0.11 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.039 (down from CN¥0.11 in 2Q 2023). Revenue: CN¥163.5m (down 6.6% from 2Q 2023). Net income: CN¥5.79m (down 64% from 2Q 2023). Profit margin: 3.5% (down from 9.1% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Jun 29
Hangzhou Innover Technology Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Hangzhou Innover Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Reported Earnings • Apr 11
Full year 2023 earnings released: EPS: CN¥0.05 (vs CN¥0.22 in FY 2022) Full year 2023 results: EPS: CN¥0.05 (down from CN¥0.22 in FY 2022). Revenue: CN¥624.0m (up 11% from FY 2022). Net income: CN¥7.62m (down 77% from FY 2022). Profit margin: 1.2% (down from 5.9% in FY 2022). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Apr 10
Hangzhou Innover Technology Co., Ltd., Annual General Meeting, Apr 30, 2024 Hangzhou Innover Technology Co., Ltd., Annual General Meeting, Apr 30, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Announcement • Mar 30
Hangzhou Innover Technology Co., Ltd. to Report Q1, 2024 Results on Apr 20, 2024 Hangzhou Innover Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 20, 2024 Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥11.41, the stock trades at a trailing P/E ratio of 48.1x. Average trailing P/E is 34x in the Electronic industry in China. Total returns to shareholders of 13% over the past three years. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to CN¥12.64, the stock trades at a trailing P/E ratio of 53.3x. Average trailing P/E is 36x in the Electronic industry in China. Total returns to shareholders of 35% over the past three years. New Risk • Jan 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 8.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥18.91, the stock trades at a trailing P/E ratio of 79.8x. Average trailing P/E is 43x in the Electronic industry in China. Total returns to shareholders of 85% over the past three years. Announcement • Dec 29
Hangzhou Innover Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 29, 2024 Hangzhou Innover Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 29, 2024 New Risk • Dec 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 8.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥18.94, the stock trades at a trailing P/E ratio of 79.9x. Average trailing P/E is 47x in the Electronic industry in China. Total returns to shareholders of 41% over the past three years. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.049 (vs CN¥0.13 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.049 (down from CN¥0.13 in 3Q 2022). Revenue: CN¥184.4m (up 5.0% from 3Q 2022). Net income: CN¥7.39m (down 61% from 3Q 2022). Profit margin: 4.0% (down from 11% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Hangzhou Innover Technology Co., Ltd. to Report Q3, 2023 Results on Oct 31, 2023 Hangzhou Innover Technology Co., Ltd. announced that they will report Q3, 2023 results on Oct 31, 2023 Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CN¥18.23, the stock trades at a trailing P/E ratio of 58.1x. Average trailing P/E is 44x in the Electronic industry in China. Total returns to shareholders of 23% over the past three years. Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.035 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.11 (up from CN¥0.035 in 2Q 2022). Revenue: CN¥175.0m (up 36% from 2Q 2022). Net income: CN¥15.9m (up 203% from 2Q 2022). Profit margin: 9.1% (up from 4.1% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Jul 01
Hangzhou Innover Technology Co., Ltd. to Report First Half, 2023 Results on Jul 27, 2023 Hangzhou Innover Technology Co., Ltd. announced that they will report first half, 2023 results on Jul 27, 2023 Reported Earnings • Apr 23
First quarter 2023 earnings released: EPS: CN¥0.015 (vs CN¥0.005 loss in 1Q 2022) First quarter 2023 results: EPS: CN¥0.015 (up from CN¥0.005 loss in 1Q 2022). Revenue: CN¥82.6m (up 11% from 1Q 2022). Net income: CN¥2.25m (up CN¥2.99m from 1Q 2022). Profit margin: 2.7% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥15.69, the stock trades at a trailing P/E ratio of 71.4x. Average trailing P/E is 38x in the Electronic industry in China. Total returns to shareholders of 38% over the past three years. Board Change • Nov 16
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 3 experienced directors. 1 highly experienced director. Chairman Yimin Shi is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.079 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.13 (up from CN¥0.079 in 3Q 2021). Revenue: CN¥175.5m (up 25% from 3Q 2021). Net income: CN¥18.9m (up 58% from 3Q 2021). Profit margin: 11% (up from 8.5% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 28
Second quarter 2022 earnings released: EPS: CN¥0.035 (vs CN¥0.024 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.035 (up from CN¥0.024 in 2Q 2021). Revenue: CN¥129.2m (up 25% from 2Q 2021). Net income: CN¥5.25m (up 45% from 2Q 2021). Profit margin: 4.1% (up from 3.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥12.23, the stock trades at a trailing P/E ratio of 75.3x. Average trailing P/E is 35x in the Electronic industry in China. Total loss to shareholders of 31% over the past three years. Announcement • Jun 24
Hangzhou Innover Technology Co., Ltd. Announces 2021 Final Profit Distribution on (A Shares), Payable on 29 June 2022 Hangzhou Innover Technology Co., Ltd. announced 2021 final profit distribution plan to be implemented (A shares) of CNY 0.27000000 per 10 shares (tax included), with Record date: 28 June 2022; Ex-date 29 June 2022; and Payment date: 29 June 2022. 10% withholding tax on cash dividend will be deducted in CNY within the cash dividend receivable. Please refer to below details: Tax on cash dividend/10 shares: CNY 0.02700000(10% x CNY 0.27000000). Net cash dividend/10 shares after tax: CNY 0.24300000 (CNY 0.27000000- CNY 0.02700000). Announcement • May 02
Hangzhou Innover Technology Co., Ltd. Proposes Final Cash Dividend for the Year 2021 Hangzhou Innover Technology Co., Ltd. proposed final cash dividend/10 shares (tax included) of CNY 0.27000000 for the year 2021. Reported Earnings • Apr 30
First quarter 2022 earnings released: CN¥0.005 loss per share (vs CN¥0.012 loss in 1Q 2021) First quarter 2022 results: CN¥0.005 loss per share (up from CN¥0.012 loss in 1Q 2021). Revenue: CN¥74.4m (up 8.5% from 1Q 2021). Net loss: CN¥737.9k (loss narrowed 60% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.079 (vs CN¥0.059 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥140.4m (up 22% from 3Q 2020). Net income: CN¥11.9m (up 35% from 3Q 2020). Profit margin: 8.5% (up from 7.7% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Jul 29
Second quarter 2021 earnings released: EPS CN¥0.024 (vs CN¥0.067 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥103.7m (up 3.3% from 2Q 2020). Net income: CN¥3.62m (down 64% from 2Q 2020). Profit margin: 3.5% (down from 9.9% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS CN¥0.14 (vs CN¥0.18 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥354.4m (up 12% from FY 2019). Net income: CN¥20.9m (down 24% from FY 2019). Profit margin: 5.9% (down from 8.7% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Mar 09
Hangzhou Innover Technology Co., Ltd. to Report Fiscal Year 2020 Results on Apr 20, 2021 Hangzhou Innover Technology Co., Ltd. announced that they will report fiscal year 2020 results on Apr 20, 2021 Is New 90 Day High Low • Feb 02
New 90-day low: CN¥9.49 The company is down 30% from its price of CN¥13.52 on 04 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is flat over the same period. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥10.42 The company is down 24% from its price of CN¥13.67 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 7.0% over the same period. Is New 90 Day High Low • Dec 09
New 90-day low: CN¥12.70 The company is down 15% from its price of CN¥14.95 on 10 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 5.0% over the same period. Is New 90 Day High Low • Nov 16
New 90-day low: CN¥12.98 The company is down 9.0% from its price of CN¥14.24 on 18 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 1.0% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥26.1m, up 13% from the prior year. Total revenue was CN¥355.4m over the last 12 months, up 23% from the prior year. Announcement • Oct 01
Hangzhou Innover Technology Co., Ltd. announced that it expects to receive CNY 280 million in funding Hangzhou Innover Technology Co., Ltd. (SZSE:002767) announced a private placement of not more than 45,000,000 shares at an issue price of CNY for gross proceeds of not more than CNY 280 ,000,000 on September 28, 2020. The shares have a par value of CNY 1 per share. The transaction has been approved by the 9th meeting of the 4th directorate of the company, and is subject to the approval of the company's shareholders meeting and the China Securities Regulatory Commission. The transaction will include participation from not more than 35 special investors. The securities to be issued are subject to a lock-up period of six months, and will be listed and traded on the Shenzhen Stock Exchange Market. The issuance is valid for 12 months from the date of deliberation and approval by the company's shareholders meeting. Announcement • Jul 18
Hangzhou Innover Technology Co., Ltd. to Report First Half, 2020 Results on Jul 29, 2020 Hangzhou Innover Technology Co., Ltd. announced that they will report first half, 2020 results on Jul 29, 2020